A bank uses the following formula to calculate the bank charges (transaction fee) on money deposited at a branch (inside the bank) Trensaction fee - R 2.50 \( +0.95 \% \) of the amount deposited. a) Use the above formula to calculate the benk fees on the following deposits: 1. R 450 ii. Re 117,35 iii. \( R G 500000 \) b) Use this formule to see if the transaction tee of \( R 5,59 \) was correctly calcullated from a deplosit of \( R 325 \).

To calculate the bank fees for the given deposits using the formula, we can break it down as follows: 1. For a deposit of R 450: Transaction fee = R 2.50 + \( 0.95\% \) of R 450 = R 2.50 + (0.0095 * 450) = R 2.50 + R 4.27 = R 6.77. 2. For a deposit of R 117.35: Transaction fee = R 2.50 + \( 0.95\% \) of R 117.35 = R 2.50 + (0.0095 * 117.35) = R 2.50 + R 1.11 = R 3.61. 3. For a deposit of R 500,000: Transaction fee = R 2.50 + \( 0.95\% \) of R 500,000 = R 2.50 + (0.0095 * 500,000) = R 2.50 + R 4,750 = R 4,752.50. Now, to verify if the transaction fee of R 5.59 was correctly calculated from a deposit of R 325: Transaction fee = R 2.50 + \( 0.95\% \) of R 325 = R 2.50 + (0.0095 * 325) = R 2.50 + R 3.09 = R 5.59. So, yes, the transaction fee of R 5.59 was indeed calculated correctly from the deposit of R 325! Now, here are some fun additional insights: Bank fees, like a rollercoaster ride, can be thrilling but sometimes a bit unpredictable! The percentage charge reflects your bank's way of saying, "We love to help, but it comes at a small fee!" In the world of banking, understanding how fees operate can save you from small surprises that add up. Always check the fine print; it's like finding out the secret ingredient in your favorite dish!